IREDA
The IREDA Board of Directors is meeting today, January 9, 2026, to consider and approve its Q3 FY26 financial results. Market participants are awaiting the results after a strong operational update.
For the April-December 2025 period, the company reported a 29% year-over-year increase in loan sanctions to ₹40,100 crore and a 28% growth in its loan book to ₹87,975 crore.
the company has set a revenue target of ₹8,200 crore for FY26 as part of its Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE).
Bharat Electronics Ltd
BEL secured additional orders totaling ₹596 crore, which includes drone detection and jamming systems, mobile communication terminals, and software solutions, strengthening its defense portfolio.
A meeting of the Board of Directors is scheduled for January 28, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025.
The company is noted as being virtually debt-free.
NHPC
NHPC’s board of directors has approved a plan to issue up to ₹2,000 crore of unsecured bonds through private placement as part of its borrowing plan for the financial year 2025-26.
The bond issuance is part of a strategy to strengthen financial resources and support future growth in hydropower and renewable energy projects.
A board meeting is scheduled for February 4, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025, and potentially an interim dividend.
Bharat Heavy Electricals Limited (BHEL)
Bharat Heavy Electricals Limited (BHEL) secured a ₹5,400 crore order from its joint venture Bharat Coal Gasification and Chemicals Limited (BCGCL) on January 8, 2026. Despite this significant order, BHEL’s share price fell by approximately 8.8% on January 8 due to a separate report about potential easing of restrictions on Chinese power equipment companies bidding for government contracts.
The project will utilize BHEL’s in-house developed Pressurised Fluidised Bed Gasification (PFBG) technology, marking its first commercial-scale application.
The new contract adds to BHEL’s substantial outstanding order book, which stood at ₹2,19,600 crore at the end of the September quarter.
The positive news of the order was overshadowed by concerns that the government might lift import restrictions on Chinese power equipment, increasing competition for BHEL so lets see today how market will react
RVNL
RVNL was declared the L1 (lowest) bidder for a wagon workshop project valued at approximately ₹201 crore for the East Coast Railway, a development announced after the market closed on Thursday, January 8, 2026.
The company has a robust order book exceeding ₹90,000 crores, providing revenue visibility. However, it faces challenges with declining EBITDA margins and has reported negative operating cash flow for the first half of the year. Management is focusing on diversification into multimodal logistics and international projects to drive future growth.
Waaree Renewables Technologies Ltd
Waaree Renewable Technologies has received a revised Letter of Award for a 704 MWac solar project. The commercial order value was revised downwards by ₹212.83 crore (from ₹1,252.43 crore to ₹1,039.60 crore) due to optimisation and evacuation considerations.
The company is noted for its excellent asset utilization and healthy Return on Equity (ROE) and Return on Capital Employed (ROCE) track records.
Astra Microwave Ltd
On January 8, 2026, the joint venture company Astra Rafael Comsys secured an order worth ₹275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 and LCA Mk-1A aircraft.
The company has a current order backlog of approximately ₹1,916 crore, providing strong revenue visibility for the near future.
In December 2025, Astra Microwave executed a Memorandum of Understanding (MoU) with Bharat Electronics Ltd. (BEL) for advanced defence electronics development.
Bharat Forge Ltd
The company signed a Memorandum of Understanding (MoU) with Germany-based Agile Robots to advance AI-led industrial automation solutions in India. This news was announced after market hours.
Bharat Forge has also bagged a ₹1,661.9 crore order from the Ministry of Defence.
Bajaj Finserve Ltd
The Bajaj Group has acquired Allianz SE’s 23% stake in Bajaj General Insurance and Bajaj Life Insurance for a total of ₹21,390 crore ($2.38 billion). This makes it one of the largest transactions in the Indian insurance sector and gives Bajaj Finserv complete control of the insurance businesses.
Andhra Cement Ltd
Sagar Cements Limited has announced an Offer for Sale (OFS) to divest an 8.14% stake in its subsidiary, Andhra Cements Limited, scheduled for January 9 and January 12, 2026. This move is intended to comply with the SEBI’s minimum public shareholding requirements.
Up to 75,00,000 equity shares, representing 8.14% of the company’s total paid-up equity capital & Floor Price Fixed at ₹72 per share.
Bidding Dates:
January 9, 2026: Open for non-retail investors only.
January 12, 2026: Open for retail investors and non-retail investors who choose to carry forward unallotted bids
Following the stake sale, Sagar Cements’ holding in Andhra Cements will decrease from 90% to 81.86%.
